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Dec 8, 2012
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one where business owners can't speak their mind and say taxes do hit their bottom line and yes, they may not hire because of higher tax and health dare costs or put workers on part-time instead of full-time. we want to know it is going on i doubt it is hurting their earnings. i don't think the back lash is that large. everyone should be allowed to speak their mind. that is it a healthy flourishing democracy. >> it is not like they are being sensor accord toth ceo's. there is a lot of bad publicity here. >> my heart testimonies me to agree with vicki, but my mind said ceo's have a first duty to increase the value of the company for the shareholders . so they can't do anything and it is irresponsible and putting out political opinions, if it is going to cause damage to the value of the company is wrong thing to do. if they have strong opinions on the subject. other ways that a ceo of a publicly traded company can community. >> but john, the frustrations that business have with obama care is driving them nuts this is one of the aspects of obama care and the tax inplications that busines
one where business owners can't speak their mind and say taxes do hit their bottom line and yes, they may not hire because of higher tax and health dare costs or put workers on part-time instead of full-time. we want to know it is going on i doubt it is hurting their earnings. i don't think the back lash is that large. everyone should be allowed to speak their mind. that is it a healthy flourishing democracy. >> it is not like they are being sensor accord toth ceo's. there is a lot of bad...
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Jul 13, 2012
07/12
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bill clinton did raise taxes on the upper income then. he was doing so in what was a significantly improving economy. things were picking up steam and fast, too late for anyone to notice and george bush to benefit. better environment than to even entertain raising taxes. for my mind, there is never a good time to raise taxes but say it was a heck of a lot better then than now. that bill clinton did next is beyond what anybody is proposing now. bill clinton cut spending a lot. he presented magics that show a steady path out of deficit that went over market. that was crucial. clinton was not perfect. but he was a new democrat not resorting to same spending was welcome revelation. that was and is for sure rumbled by a mid-term republican takeover of the house and on set of the gingrich revolution, he didn't fight the parade. he got in front of it. i credit him for that. he cut a host of investment related taxes. this is crucial. the boom is on. individual investors were in. in retrospect, too much so. some say he went overboard and relaxed r
bill clinton did raise taxes on the upper income then. he was doing so in what was a significantly improving economy. things were picking up steam and fast, too late for anyone to notice and george bush to benefit. better environment than to even entertain raising taxes. for my mind, there is never a good time to raise taxes but say it was a heck of a lot better then than now. that bill clinton did next is beyond what anybody is proposing now. bill clinton cut spending a lot. he presented...
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Jun 9, 2012
06/12
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took off under the kennedy tax cuts and reagan tax cuts and it took off under the tax cuts we're talking about now, the bush tax cuts. is the level point, yeah, clinton raised taxes, sure he did, but the economy took off under clinton when he cut under the capital gains laws. and the evidence is in and makes so much sense to me, it would be ludicrous to let the tax cuts expire. >> brenda: jonas, the white house press secretary did make clear this week that the president will not extend the tax cuts to the wealthiest americans. is that going to hurt the economy? is that going to hurt job creation? >> there's no part of the economy you can tax and not cause some sort of drag on job creation or the economy. whether it's on the upper brackets or the lower brackets. you can tax workers and all of a sudden want higher wages and that's going to hurt job creators as well. and one thing worse than raising taxes in an economy. it's when the government collapses and that's really what's happened in the other countries, not that they raised taxes and increases, but they are going under because they
took off under the kennedy tax cuts and reagan tax cuts and it took off under the tax cuts we're talking about now, the bush tax cuts. is the level point, yeah, clinton raised taxes, sure he did, but the economy took off under clinton when he cut under the capital gains laws. and the evidence is in and makes so much sense to me, it would be ludicrous to let the tax cuts expire. >> brenda: jonas, the white house press secretary did make clear this week that the president will not extend...
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Jul 14, 2012
07/12
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obama has cut taxs and cumake the argument that he cut taxes too much. if we are serious about fiscal responsibility. you have to get it back in a balance. >> johnathon cutting spending. that is good for the fiscal health in the country. >> but the president doesn't think so. the president believes that wealth comes from government spending and control . that's why he advocates for greater government spending in every opportunity. half or 66 percent of the surveyed understand that cutes need to be made. they are harvard mba. but they understand the carn age and the builds cut down. those earned their money. where do they want to cut. they don't want to cut defense. that is a huge chuck of money. that is a separate issue because of the military. here let me take it to you. here. the president said actually we will raise taxes. what do you think. it hurts the country. it will hurt the country either way. it is not an either or competition simpson-bowles had a way to cut. before the report came out the president undercut the guys. republicans and democrats.
obama has cut taxs and cumake the argument that he cut taxes too much. if we are serious about fiscal responsibility. you have to get it back in a balance. >> johnathon cutting spending. that is good for the fiscal health in the country. >> but the president doesn't think so. the president believes that wealth comes from government spending and control . that's why he advocates for greater government spending in every opportunity. half or 66 percent of the surveyed understand that...
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Apr 11, 2012
04/12
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you could tax everyone at 100 percent for a year and not get out of this. taxes are not the answer. just like a doctor treating a patient, you go to the source of the problem, and the problem here is overspending. we have seen a 47 percent increase in our debt since president obama has become president. nows republicans and democrats are both guilty of this but someone has to stop it and someone has to show the leadership to take care of this problem which is going to be an avoidable situation. we did not have to end up like greece and we don't have to end up like europe where it drags down the market more. this is something we can actually tackle, now, with real solutions. >>neil: what is interesting, grandchild were, they -- gretchen, we were one of the few shows that criticized at the team saying it would lead to fiscal oblivion and weapon critical of supporting the war effort in afghanistan and iraq, we thought that should be on budget so everyone knew how much this would cost. we are beyond the finger pointing stage. we slow this down or it will conquer us. and the protesting e
you could tax everyone at 100 percent for a year and not get out of this. taxes are not the answer. just like a doctor treating a patient, you go to the source of the problem, and the problem here is overspending. we have seen a 47 percent increase in our debt since president obama has become president. nows republicans and democrats are both guilty of this but someone has to stop it and someone has to show the leadership to take care of this problem which is going to be an avoidable situation....
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Jun 7, 2012
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during the year, do comprehensive tax reform for all americans. >> president afrees to tax cut in 2010 to avoid damage to economy. he said it created uncertainty to hurt hiring and accepting. republican congressman put hit the way -- >> the businesses i look along main street aren't holding back on hiring because they're waiting to learn what the government will do for them. they are holding back because of fear of what the government will do to them. >> they have a competing view, arguing some of the tax cut should be extended. >> we need to continue the sending. you -- spending. you ku not reduce deficit by extending tens of thousands of dollars for tax cut to wealthy. >> bernanke was drawn mr. the in the debate to talk about retiring income tax cut? bernanke would only look at them as whole and said the expiration of all of them would stager the economy. >> adverse effect on growth in the economy would be significant. >> bernanke said the fed will decide whether it needs additional action to boost the economy. if so, what. he made clear congress has at least as big a role as the fed
during the year, do comprehensive tax reform for all americans. >> president afrees to tax cut in 2010 to avoid damage to economy. he said it created uncertainty to hurt hiring and accepting. republican congressman put hit the way -- >> the businesses i look along main street aren't holding back on hiring because they're waiting to learn what the government will do for them. they are holding back because of fear of what the government will do to them. >> they have a competing...
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Sep 22, 2012
09/12
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your tax dollars. we're learning just maybe congressional republicans are going to kill the billion dollar a year tax credit that has been moving t
your tax dollars. we're learning just maybe congressional republicans are going to kill the billion dollar a year tax credit that has been moving t
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Dec 1, 2012
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we'll see hikes in taxs and sales tax increases and more worse is bankruptcies. we see that in stockton and san bernardino. we go to court and bankruptcy law versus pension law. you can see current services cut. tax hikes and other lousy outcomes if we don't see reforms. >> you admit we are having problems paying out the pensions. they are bankrupting. >> the problem is that los angeles is not the place. and it is a ballot initiative. you have front runners that become mayor . they will not support it it was a nonstarter and never going to work in the stave . you have a better chance of succeeding. >> at least it was a plan . it is no law that said you cannot change 401 k's. that is future and new hires and for their plans. you don't have ill defined benefits and by the way the private sector doesn't get. there is a pension liability in the state of the california. vicki is right. government services are starting to get cut in cities in california . so i tell you, it doesn't cut it when you have things like let's raise the retirement age to age 52. >> the fact is
we'll see hikes in taxs and sales tax increases and more worse is bankruptcies. we see that in stockton and san bernardino. we go to court and bankruptcy law versus pension law. you can see current services cut. tax hikes and other lousy outcomes if we don't see reforms. >> you admit we are having problems paying out the pensions. they are bankrupting. >> the problem is that los angeles is not the place. and it is a ballot initiative. you have front runners that become mayor . they...
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Sep 3, 2012
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cutting taxes to the wealthy. that will be the core argument not the social issues, i suspect. >> the thing i want to finish off on president obama's speech is the head liern. it is a close second for a lot of us is bill clinton's speech on wednesday. what do you expect him to say and what does in that never ending soap opera what does that say about the relationship between president obama and president clinton? >> it is the most fascinating part of this. there is no chance he would be speaking in a prime spot. vice president biden is introducing the president sort of on thursday. bill clinton has to be loving this. nieceded by his par-- he is nee by his party again. he is going to sort of give his seal of approval or try to give his seal of approval to this president on the economy. all of that may not matter. friday morning nine hours after president obama gives his speech the new jobs report comes out. that is going to bring reality back into that. >> when we come back how did the romney ryan ticket do at thei
cutting taxes to the wealthy. that will be the core argument not the social issues, i suspect. >> the thing i want to finish off on president obama's speech is the head liern. it is a close second for a lot of us is bill clinton's speech on wednesday. what do you expect him to say and what does in that never ending soap opera what does that say about the relationship between president obama and president clinton? >> it is the most fascinating part of this. there is no chance he...
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Jul 30, 2012
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pay taxes. hire people. i am hopeful the discussion will be the canadians did it so we sir, there is a lot being made of the keystone xl pipeline and you produce a lot of oil and would use a lot oil in america. that pipeline would ship a lost your oil down to our refineries that we need in texas, in houston. talk to us about keystone xl pipeline. do you look at america as a place that we can do business with, a free flowing business handshake or is it bound by regulation? >>guest: it is a place where we should do business with each other. we are each other's customers. canada is the best custom of 38 of 50 states. and as the prime minister said you look at keystone xl pipeline it is a no-brainer. it will create jobs at no public expense, and it will ensure greater energy independence. according to the state department study done it could place -- displace 40 percent of the foreign oil we are receiving from the middle east. >>eric: sir, one more question on that. china is interested in your oil as well. you w
pay taxes. hire people. i am hopeful the discussion will be the canadians did it so we sir, there is a lot being made of the keystone xl pipeline and you produce a lot of oil and would use a lot oil in america. that pipeline would ship a lost your oil down to our refineries that we need in texas, in houston. talk to us about keystone xl pipeline. do you look at america as a place that we can do business with, a free flowing business handshake or is it bound by regulation? >>guest: it is a...
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Aug 23, 2012
08/12
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it is a heavily dependent tax system on rip. >>neil: but the argument is that they should pay more they are doing better than everyone else and they have been unfairly taking advantage of this economy. what do you say? >>guest: well, why believe that. in the 80's and 90's the middle-class did well as the tax rates came down. what is different about this >>guest: expansion we supposedly in the third year of a recovery and the middle incomes are not rising and jobs have not come back at the pace they normally do. that is a problem. the other point is, if you compare the united states with other western european countries and some of the big asian countries, we are actually more depend it on the rich to raise our taxes than any other country of the junior 20 industrialized countries in the world. we depend on the top 20 percent to pay 45 percent of the taxes and the rest of the world, it is closer to 30 percent. >>neil: amazing. thank you very much, steve. do any you remember fast times at ridgemont high? the kids in the class are
it is a heavily dependent tax system on rip. >>neil: but the argument is that they should pay more they are doing better than everyone else and they have been unfairly taking advantage of this economy. what do you say? >>guest: well, why believe that. in the 80's and 90's the middle-class did well as the tax rates came down. what is different about this >>guest: expansion we supposedly in the third year of a recovery and the middle incomes are not rising and jobs have not come...
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Jul 10, 2012
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these tax cuts are also the tax cuts least likely to promote growth. we can't afford to keep that up. not right now. i am not proepsing anything radical. ill believe anybody making over 250,000 dollars a year should go back to the income tax we were paying with bill clinton when our economy created 230 million jobs biggest surplus in history and plenty of millionaires to boot. >> you heard the president refer to tax rates under former president bill clinton. former clinton advisor dick morris responded to those comments. >> i was so interested obama talked about returning the tax rates to the rates that prevailed under president clinton. that is a flat out lie. while it is true he would raise the tax rate from the upper prak et to 40 percent which by the way we generate 70 billion revenue not enough to do any significant damage to 1.4 trillion deficit but the one thing he would do is bring the capital gains rate back up to where it was above when bill clinton was president. the one thing that distinguished bill clinton's economy was not the tax increas
these tax cuts are also the tax cuts least likely to promote growth. we can't afford to keep that up. not right now. i am not proepsing anything radical. ill believe anybody making over 250,000 dollars a year should go back to the income tax we were paying with bill clinton when our economy created 230 million jobs biggest surplus in history and plenty of millionaires to boot. >> you heard the president refer to tax rates under former president bill clinton. former clinton advisor dick...
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May 12, 2012
05/12
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this has to do with taxes. last year a lot of people thought the bush tax cuts might expire and they may expire this year and so people who pay a high amount of tax who live abroad sometimes want to get out of that. and for this facebook cofounder it means a lot of money. >> greta: is there any sort of estimate between -- i understand he is a citizen of singapore so the tax law of singapore would somehow apply. any idea of what the value to him of renouncing american citizenship although he was born in brazil and became an american citizen in the 1990s. how many dollars this means to him by getting out of dodge in the u.s. >> take you through the math a little. basically his stake is probably worth about $4 billion because he owns about 4% of the company and so he will still have to pay a form of the capital gains tax, the u.s. doesn't let people that you easily, they can't just renounce citizenship. he has to pay kind of an exit tax. but by renouncing last september the valuation that is put on facebook is don
this has to do with taxes. last year a lot of people thought the bush tax cuts might expire and they may expire this year and so people who pay a high amount of tax who live abroad sometimes want to get out of that. and for this facebook cofounder it means a lot of money. >> greta: is there any sort of estimate between -- i understand he is a citizen of singapore so the tax law of singapore would somehow apply. any idea of what the value to him of renouncing american citizenship although...
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Jun 5, 2012
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under one scenario if the government does nothing to stop $7 trillion in tax increases and spending cuts coming at the end of the year, debt will fall. under a second possibly more likely scenario, where tough choices are delayed, debt will reach almost twice the size of the entire economy by 2037. mr. clinton complimented the current president turning the corner quicker than expected. >> it takes five or ten years to get over. if there is a housing collapse with it, closer to ten years. he is on schedule to beat the record. republicans continue to charge, the president is running a negative campaign and ducking tough choices. >> if i were him i wouldn't want to brag about my record either. i get it. but i would remind him he is still president. even though the campaign is going on. that americans are looking for leadership. >> major news out of an interview that clinton did with cnbc and said the bush tax cut for the rich should not be extented long-term because of the deficit but the tax cut should be extented in short-term to help the economy. that could undermine obama's position in
under one scenario if the government does nothing to stop $7 trillion in tax increases and spending cuts coming at the end of the year, debt will fall. under a second possibly more likely scenario, where tough choices are delayed, debt will reach almost twice the size of the entire economy by 2037. mr. clinton complimented the current president turning the corner quicker than expected. >> it takes five or ten years to get over. if there is a housing collapse with it, closer to ten years....
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Sep 3, 2012
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the only thing that has happened with taxes under president obama is taxes have gone down. down, down, down, down, down. >>neil: in health care, actually, you will be having a surtax on that, with a surtax on medicare. they are build into the tax code. >>guest: follow this because it is important for the listeners to get it right, some taxes are in, some taxes down, but the net is they are down. the average family, over $1,600 per year, taxes down. now, this is fox. this is fair and balanced, we should put the real spin aside for a minute and tell people the absolute truth, taxes have again down under president obama. >>neil: if you can make a convincing sell that you can sell snow to the eskimo. >>guest: if you look at deficits today, the taxes are going down. >>neil: a lot more coming up after this. this, of course, is the week of the democrats' party and republicans can cry all they want to, but they are not invited. that doesn't mean they can't make their point well known not too far from here. the chairman of the republican national convention has been say leg is a ver
the only thing that has happened with taxes under president obama is taxes have gone down. down, down, down, down, down. >>neil: in health care, actually, you will be having a surtax on that, with a surtax on medicare. they are build into the tax code. >>guest: follow this because it is important for the listeners to get it right, some taxes are in, some taxes down, but the net is they are down. the average family, over $1,600 per year, taxes down. now, this is fox. this is fair and...
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Oct 4, 2012
10/12
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they were debating about the tax increase. the president saying only 3% of taxpayers mitt romney said yeah but it happens to be where the jobs are. the president said can we change the subject? he said let's talk about something else. here is what is apparent. the president, you can see in body language, so uncomfortable talking about the economy, about debt and taxes. he doesn't understand it. i think for -- he just doesn't understand how jobs are created. >> sean: i tweeted that out tonight. he doesn't understand economics 101. >> and the only thing exposed tonight that you stand up and say yes, someone is doing thchl the president's attacks against republicans is built on a bunch of myths. this whole thing about we have tax credits to send jobs overseas mitt romney saying i've been in business 25 years very no idea what you are talking about. the president had no come back for that. >> sean: he kept saying well this is bill clinton's plan. bill clinton hasn't been president for four years. and romney kept going back to one
they were debating about the tax increase. the president saying only 3% of taxpayers mitt romney said yeah but it happens to be where the jobs are. the president said can we change the subject? he said let's talk about something else. here is what is apparent. the president, you can see in body language, so uncomfortable talking about the economy, about debt and taxes. he doesn't understand it. i think for -- he just doesn't understand how jobs are created. >> sean: i tweeted that out...
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Apr 28, 2012
04/12
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tax rate is well over 40%. they pay more than any other corporation in this country -- >> tracy -- wait a second! >> that's garbage to think that they are getting -- >> that's wrong. >> of course. >> you are saying that -- they are want breaking. they are part of the tax code. no one is giving -- [overlapping dialogue] i agree it's part of the tax code. take away the credits -- >> no. excuse me. rnd is supposed to be for things that have not yet been developed. >> drilling is not developd? credits for drilling is not developed. >> stop talking. >> 30 seconds. >> this is a big oil. obama ran an ad against romney, saying that romney stands standh big oil. yeah, it's big. it employs a heck of a lot of people and it makes life better in so many ways and oil is not to be demonized. i grew up with the demonization of oil, i thought it was bad and i found it wasn't necessarily so. >> do you want to get rid of all regulations? >> sensible regulations. >> no, no. i think if you hate oil, go to -- [inaudible] bullying, c
tax rate is well over 40%. they pay more than any other corporation in this country -- >> tracy -- wait a second! >> that's garbage to think that they are getting -- >> that's wrong. >> of course. >> you are saying that -- they are want breaking. they are part of the tax code. no one is giving -- [overlapping dialogue] i agree it's part of the tax code. take away the credits -- >> no. excuse me. rnd is supposed to be for things that have not yet been...
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Jul 31, 2012
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hikes, tax cuts. he blamed the right. he blamed the tea party. he blamed the house of representatives saying they are too partisan, they will not talk about raising taxes with the fiscal situation. eight minutes this interview went on and not once did either he or the interviewer say the word "spending." not one time. >>guest: i know. it is amazing. milton freidman made it clear that spending is taxation. government doesn't create resources, it redistributes them. when it gives money to someone based on a character other than a work of the it take it from a worker. that is taxation, it is shocking what they are doing today. they do not tell the correct story of the taxes. you will net girlfriend that money from the rich. you won't. these people hire lawyers and accountants, all sorts of things and they get around it. you look at every junior time we had a tax increase, revenues have again down from the top 1 percent of income anker, not up. >>eric: now, what is going open, we her the economy is growin
hikes, tax cuts. he blamed the right. he blamed the tea party. he blamed the house of representatives saying they are too partisan, they will not talk about raising taxes with the fiscal situation. eight minutes this interview went on and not once did either he or the interviewer say the word "spending." not one time. >>guest: i know. it is amazing. milton freidman made it clear that spending is taxation. government doesn't create resources, it redistributes them. when it gives...
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Sep 8, 2012
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do entitlement reform, do tax reform. relieve the regulatory burden. there is a path from having bad growth turn into better growth that would be good for everyone. we haven't taken that path. >> laura: david, the democrats clearly last night tried to make this really this case for leveling the playing field, make it fairer and that's going to be good for the economy. and i understand that, bill clinton started that narrative the night before. but, isn't it the case that our economic recoveries have always been based in a vigorous and invigorated private sector creating jobs that end up being jobs that are ultimately good paying jobs with benefits. north pumping money into the public sector to hope that spending more money is going to make us better off long run when we don't have the money in the first place. we are out of money. >> just to be clear it's not bill clinton who invented the shared prosperity narrative pay people more and they will be able to participate more in the economy. >> laura: what are we paying them with. >> excuse me, lauer, tha
do entitlement reform, do tax reform. relieve the regulatory burden. there is a path from having bad growth turn into better growth that would be good for everyone. we haven't taken that path. >> laura: david, the democrats clearly last night tried to make this really this case for leveling the playing field, make it fairer and that's going to be good for the economy. and i understand that, bill clinton started that narrative the night before. but, isn't it the case that our economic...
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Sep 9, 2012
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why is cutting taxes on the wealthy good and why is raising taxes on the wealthy bad? >> what governor romney is proposing is an across the board-b tax rate for households. we will have to broaden the base to pay for that. and a deep cut in the corporate rate. most believe the the romney plan is great for growth. i can't imagine an argument that says raising tax rates on high income people many of whom are business owners is a recipe for growth. one canada bait fairness arguments, but i am not aware of any argument that suggests getting back to the growth we had in the previous question. and that is facilitated by raising taxes. why does raising taxes at this point, we have weak growth. r why raise taxes on anybody? >> president obama cut taxes for much of america. i do not believe having the rates go back to what they were in the 90s will have any significant impact on the economy. you can use the money money for things like cutting taxes, for businesses that hire people rather than cutting taxes on the estates of billionaires or cutting taxes which counts asu a busin
why is cutting taxes on the wealthy good and why is raising taxes on the wealthy bad? >> what governor romney is proposing is an across the board-b tax rate for households. we will have to broaden the base to pay for that. and a deep cut in the corporate rate. most believe the the romney plan is great for growth. i can't imagine an argument that says raising tax rates on high income people many of whom are business owners is a recipe for growth. one canada bait fairness arguments, but i...
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Dec 1, 2012
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not using this tax revenue to pay down debt. this is a wide disagreement. >> greta: in the first one 800 revenues 80 billion dollars a year, we could go to the study and find 80 billion dollars each year of waste that no one in his right mind wants to pay for that would easily meet that revenue demand. no one looks for waste. it is bizarre. we got money that we should at least figure out what we really need. >> i couldn't agree more. i really believe, deeply, that every cabinet member needs to be a manager. there's so much good that could be done with strong leaders in these cabinet departments and subcabinet departments and subcabinet departments to save, be more productive for the american people before asking, send more money. that's what we hear washington. we are in this big debt problem, the american people, send more money. not deal with the hard things that congressional oversight, do a good job of that. tom coburn is great at it, few are. this is the kind of thing we need to do more of. >> greta: always nice to see you.
not using this tax revenue to pay down debt. this is a wide disagreement. >> greta: in the first one 800 revenues 80 billion dollars a year, we could go to the study and find 80 billion dollars each year of waste that no one in his right mind wants to pay for that would easily meet that revenue demand. no one looks for waste. it is bizarre. we got money that we should at least figure out what we really need. >> i couldn't agree more. i really believe, deeply, that every cabinet...
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Sep 4, 2012
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to increase taxes on any americans. at the end of the day this is an opportunity for us to work on the common ground and that common ground starts with predictability and certainty in the private sector which will lead to more jobs and drive confidence. >>neil: we will see, congressman, always good to have you on, congressman. and now a look at the virginia delegation we have been talking about, another crucial state among a half dozen or so considered swing states. the polls are tightening. folks that that is since joe biden's famous remarks, the shackle remarks. what was close to 4-point obama lead over mitt romney has become dead even. form governor wilder is not surprised. the first african-american governor in the nation is joining me right new. governor, good to have you. why are you here, by the way, governor? >>guest: i teach school of government and public affairs at virginia commonwealth university, school has started and i'm a professor this week. >>neil: all right. so it is not as if you were not envieded or
to increase taxes on any americans. at the end of the day this is an opportunity for us to work on the common ground and that common ground starts with predictability and certainty in the private sector which will lead to more jobs and drive confidence. >>neil: we will see, congressman, always good to have you on, congressman. and now a look at the virginia delegation we have been talking about, another crucial state among a half dozen or so considered swing states. the polls are...
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tax rate is well over 40%. they pay more than any other corporation in this country -- >> tracy -- wait a second! >> that's garbage to think that they are getting -- >> that's wrong. >> of course. >> you are saying that -- they are want breaking. they are part of the tax code. no one is giving -- [overlapping dialogue] i agree it's part of the tax code. take away the credits -- >> no. excuse me. rnd is supposed to be for things that have not yet been developed. >> drilling is not developd? credits for drilling is not developed. >> stop talking. >> 30 seconds. >> this is a big oil. obama ran an ad against romney, saying that romney stands standh big oil. yeah, it's big. it employs a heck of a lot of people and it makes life better in so many ways and oil is not to be demonized. i grew up with the demonization of oil, i thought it was bad and i found it wasn't necessarily so. >> do you want to get rid of all regulations? >> sensible regulations. >> no, no. i think if you hate oil, go to -- [inaudible] bullying, c
tax rate is well over 40%. they pay more than any other corporation in this country -- >> tracy -- wait a second! >> that's garbage to think that they are getting -- >> that's wrong. >> of course. >> you are saying that -- they are want breaking. they are part of the tax code. no one is giving -- [overlapping dialogue] i agree it's part of the tax code. take away the credits -- >> no. excuse me. rnd is supposed to be for things that have not yet been...
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because it called for tax cuts. tax increases on upper income americans and the other party. >> chris: david he voted against it because it didn't do anything about entitlements. it is a fair point that he didn't mention it but that isn't why but the point it was the president's commission and he let it die on the vine. >> the party took another position. he didn't let it die on the vine, chris. it helped shape his proposals. he has a plausible credible $4 trillion plan. the congressional budget office said it as plussible credible plan. everyone agrees if it were enacted it would have a very positive empact. we would stablize the debt and the reason it won't pass is because the republican party in the congress with mitt romney support says they won't raise taxes on any one in this country including the superwealthy even by one dollar. they are not credible on the deficit. paul ryan stood on that platform and looked up at that deficit at that debt clock and he made no mention of the fact that he -- that he voted for
because it called for tax cuts. tax increases on upper income americans and the other party. >> chris: david he voted against it because it didn't do anything about entitlements. it is a fair point that he didn't mention it but that isn't why but the point it was the president's commission and he let it die on the vine. >> the party took another position. he didn't let it die on the vine, chris. it helped shape his proposals. he has a plausible credible $4 trillion plan. the...
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lower taxes. a balanced budget. when you get results people reward you, and those issues are going to be the same things romney will tack about against obama. 8 percent unemployment rate in america. $15 trillion in debt. romney will go after obama on that, rightly so and same thing wisconsin voters elected walker on last night, give him a chance to win. but it is tough. a blue state. and, walker win helps. >>neil: your state turned blue last go round in 2008, purple now. >>guest: i would call it purple. >>neil: how is it looking now? >>guest: well, since obama won, look he had a ton of money, double john mccain's money running on a positive message of hope and change which now is recession and division which the remain campaign he is running now, but i would say since then, i won by 18 points and we elected three new congressman the highest number of legislators and we are returning to our right of center roots. it is a dead heat. romney was down eight points just a couple months ago and now it is a dead heat and th
lower taxes. a balanced budget. when you get results people reward you, and those issues are going to be the same things romney will tack about against obama. 8 percent unemployment rate in america. $15 trillion in debt. romney will go after obama on that, rightly so and same thing wisconsin voters elected walker on last night, give him a chance to win. but it is tough. a blue state. and, walker win helps. >>neil: your state turned blue last go round in 2008, purple now. >>guest: i...
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hearings to see what tax loopholes to get rid of and do tax reform overall lower the tax rate for everyone. make high earners not have the taxes. they think if you cut rates you cut tax revenue. that isn't necessarily the case. john kennedy cut rates there was an increase in revenue. reagan cut rates. if you cut the rates and you cut the loopholes you can end up with something that we had in 1986 which was a fantastic trial. democrats and republicans we would reproduce that which is what the ryan owe romney plan would be. >> more with the panel and we also have other special guests on the other side of this quick break. live coverage of mitt romney's selection of paul ryan as his vice presidential pick. now they are on the road campaigning together. romney ryan in 2012. more in just a bit. the better y. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when
hearings to see what tax loopholes to get rid of and do tax reform overall lower the tax rate for everyone. make high earners not have the taxes. they think if you cut rates you cut tax revenue. that isn't necessarily the case. john kennedy cut rates there was an increase in revenue. reagan cut rates. if you cut the rates and you cut the loopholes you can end up with something that we had in 1986 which was a fantastic trial. democrats and republicans we would reproduce that which is what the...
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we paid state taxes, sales taxes, over and over again. so the piece of the pie we are left with is our state. to have to pay 55% of that, when we have worked so hard to leave something for our families, it is a big hit. >> reporter: so your estate, your business is essentially everything you have got, this is your life's work? >> my business is my estate. that's it. >> reporter: currently, the estate tax is 35% and you can only be exempt if you have value under $5 million. but at midnight, december 31 tautomatically goes up to 55% and exemption is $1 million, unless you do something about it. what is going to be done? what you can do? >> that's set up so it's a decision that is likely to be made in lame duck, the time between the election and the end of the new members of congress who have been elected. that's a dibolical situation, by the way. it's dibolical that if we don't do something, people will be siting there at midnight with a family member they love in a hospital bed or hospice, deciding whether to put the family member on life
we paid state taxes, sales taxes, over and over again. so the piece of the pie we are left with is our state. to have to pay 55% of that, when we have worked so hard to leave something for our families, it is a big hit. >> reporter: so your estate, your business is essentially everything you have got, this is your life's work? >> my business is my estate. that's it. >> reporter: currently, the estate tax is 35% and you can only be exempt if you have value under $5 million. but...
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two, that taxes are uncertain. people do not know we are facing a slew of faction increases, and businesses can't plan. you have the healthcare bill that is hanging in the balance, and you have the dodd-frank, which is the banking rules that are still being written and too big to fail but too big to rescue. nobody is sure what is going on. so there is all this uncertainty that president obama could do something about now as president, not as candidate, that i think would behoove them to try to do. >> since the first stimulus check went out until now we've created 4.5 million jobs. jamie, not going to like this and i'm not suggesting this is something you can hang on bush, but in the three battle grounds states they polled, over 50% in every one of those states believed that the reason for this recession is because obama inherited a terrible one from george bush. now that's something, at three years down the road or going into the fourth year is something i was surprised to see would last that long. >> news flash, g
two, that taxes are uncertain. people do not know we are facing a slew of faction increases, and businesses can't plan. you have the healthcare bill that is hanging in the balance, and you have the dodd-frank, which is the banking rules that are still being written and too big to fail but too big to rescue. nobody is sure what is going on. so there is all this uncertainty that president obama could do something about now as president, not as candidate, that i think would behoove them to try to...
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he says he is going to raise taxes on people. he is trying to gut welfare reform, and he launches attacks in this nature. it is beneath the dignity of his office. >> ron, as the president of the united states, shouldn't obama beacon sen traiting on where he plans to take the country if re-elected and how he will improve unemployment numbers in assisted of grabbing at straws with romney? and do you believe obama owes romney an apology? >> absolutely. the obama campaign absolutely owes romney an apology. desperate times call for desperate measures from the obama camp. unemployment is still at record highs. it is not coming down anytime soon. people aren't -- do not feel better than they did four years ago. he promised things would get better. now obama is bringing up the dirty tricks bag. they are going after the romney campaign in anyway they can. what they are trying to do is define mitt romney before the american people get to know him so that americans don't find him to be a credit alternative going into the voting booth in nov
he says he is going to raise taxes on people. he is trying to gut welfare reform, and he launches attacks in this nature. it is beneath the dignity of his office. >> ron, as the president of the united states, shouldn't obama beacon sen traiting on where he plans to take the country if re-elected and how he will improve unemployment numbers in assisted of grabbing at straws with romney? and do you believe obama owes romney an apology? >> absolutely. the obama campaign absolutely...
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he did not want to raise taxe taxes. but we needed to raise taxes. what obama is doing a clear political ploy to align himself with clinton. what he is saying is completely true. it's just taking on clinton rates which were not terribly high. >> this guy has been in office for a full term. the plan as i remember, obama plan was cap and trade. trillion-dollar stimulus and obamacare. that was the plan. regulation wall street, all kind of regulation, hyper regulation of energy. that is the plan. now he pretends the plan was something he was not involved in. that happened in the '90s. extremely unusual era. it was also the decade of the peace dividend. between 1991, the collapse of the soviet union and 2001, beginning of the war on terro terror, we had ten years of peace and prosperity, which allowed a huge reduction in spending on defense and spending either debt reduction or social programs. that explains -- the idea that it was spurred by a 4% change, difference in the rate of income tax on 2% of population is a joke. he is running on this. this is hi
he did not want to raise taxe taxes. but we needed to raise taxes. what obama is doing a clear political ploy to align himself with clinton. what he is saying is completely true. it's just taking on clinton rates which were not terribly high. >> this guy has been in office for a full term. the plan as i remember, obama plan was cap and trade. trillion-dollar stimulus and obamacare. that was the plan. regulation wall street, all kind of regulation, hyper regulation of energy. that is the...
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the recovery act saved or created millions of jobs and cut taxes, let me say this again -- cut taxes for 95% of the american people. and in the last 29 months, our economy has produced about 4 1/2 million private-sector jobs. [cheering] we could have done better, but last year the republicans blocked the president's job plan, costing more than 1 million new jobs. so here's another jobs score. president obama, plus 4.5 million. congressional republicans, zero. during this period... [cheering] >> during this period, more than 500,000 manufacturing jobs have been created under president obam a. that's the first time manufacturing jobs have increased since the 1990s. choring cheering. >> i'll tell you something else -- the auto industry restructuring worked. it saved -- [cheering] >> it saved more than a million jobs and not just g.m., chrysler and their dealerships, but this auto parts manufacturing all over the country. that's why even the auto makers who wroont weren't part of the deal supported it. they needed to save those parts suppliers, too. like i said, we are all in this togeth
the recovery act saved or created millions of jobs and cut taxes, let me say this again -- cut taxes for 95% of the american people. and in the last 29 months, our economy has produced about 4 1/2 million private-sector jobs. [cheering] we could have done better, but last year the republicans blocked the president's job plan, costing more than 1 million new jobs. so here's another jobs score. president obama, plus 4.5 million. congressional republicans, zero. during this period... [cheering]...
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romney will not reveal his taxes and you don't want to talk about his taxes. >> no, because that's not what the issue. >> nobody cares about governor romney's taxes. >> of course you don't. a lot of people care about them. >> how they are doing economically and we are not doing good economically because this administration is spending and spending and spending. >> yes, the country is facing -- >> he just said. >> guys, hold on. [talking at the same time] >> i want you to address, this jacques, because there is a bigger question what is the proper american elected to legislature. >> very unpopular 6% rejected. >> just because you say it's unpopular doesn't mean it was unpopular. it was upheld by the united states supreme court. the supreme court upheld it the both houses of an elected congress passed it. it hasn't been overturned. >> 60% of american people want it repealed. >> because a lot of people in barber shops and beauty parlors and talk radio don't like it doesn't mean it's not good. >> 60% of the american people want it repealed. all right, guys, i have got to go, chris -- >> --
romney will not reveal his taxes and you don't want to talk about his taxes. >> no, because that's not what the issue. >> nobody cares about governor romney's taxes. >> of course you don't. a lot of people care about them. >> how they are doing economically and we are not doing good economically because this administration is spending and spending and spending. >> yes, the country is facing -- >> he just said. >> guys, hold on. [talking at the same...
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we have known about the fiscal cliff and the sequestration and the tax increases or not tax increase, since a minimum of august of 2011. >> they have done nothing, except have a lot of chatter, no product. they have the super committee in november of 2011. they couldn't reach an opinion. so did they meet in december in no. january? no. february? no. did anybody do anything? no. in august, they went on vocation and campaigned for their vobs -- jobs. they took off august, september, october, early november and they are now worried about getting a deal before their christmas vacation. they are worried about christmas. i think, go figure. any business owner would never do that. so -- am i too hard on politicians? >> no. what this comes down to is the need for leadership in our country. think about all the problems that you just -- that you just espoused, gret a. and to consider that you take all of those problems and then have you to acknowledge that the leader of and the cause of many of those problems was just re-elected for four more years of the same? four more years of the status quo
we have known about the fiscal cliff and the sequestration and the tax increases or not tax increase, since a minimum of august of 2011. >> they have done nothing, except have a lot of chatter, no product. they have the super committee in november of 2011. they couldn't reach an opinion. so did they meet in december in no. january? no. february? no. did anybody do anything? no. in august, they went on vocation and campaigned for their vobs -- jobs. they took off august, september,...
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peopleville to pay in because the alternative minimum tax won't be patched. taxes will go up. spending cuts over time will happen as well. the stock market, i think the stock market will be hit hard. but again, here i am saying, let's do this. i have the most to lose of anyone i know. it's the only way to fix the economy. it's the best thing for the economy. >> okay. take us through what each side is wanting. >> here's what the deal is. president obama wants tax cuts to expire for everyone except those making $250,000 a year. john boehner's plan "b" was anyone making under $1 million a year. neither seemed to work. it looked like president obottomma was coming back with the same deal, $250. they are miles apart. they are miles apart. >> there is a big divide. andrea, you were able to speak with a number of people on the hill. what reaction are you getting? >> well, the president has spread these stories and people in his administration that he is going to come to the table with a deal. we have been hearing that all week long. that did not happen. swan dive, we're going off the
peopleville to pay in because the alternative minimum tax won't be patched. taxes will go up. spending cuts over time will happen as well. the stock market, i think the stock market will be hit hard. but again, here i am saying, let's do this. i have the most to lose of anyone i know. it's the only way to fix the economy. it's the best thing for the economy. >> okay. take us through what each side is wanting. >> here's what the deal is. president obama wants tax cuts to expire for...
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why did he vote against it in because it called for tax cuts, tax increases on upper income americans. >>chris: david, that is not why he voted against it. he voted against it because it did not do anything about entitlements. it is a fair point. point is, it was the president's commission, and he let it die on the vine. >>guest: the partook another position. he did not let it die on the vine. he has a plausible, credible, $4 trillion land and the congressional budget office said it was plausible, credible plan, and everyone agrees if it were enacted it would have a very positive impact and we would stabilize the debt and the reason it will not pause is because the republican party in the congress with mitt romney supporting it, they will not raise taxes on anyone in this country including the super wealthy, even by one dollar. though are not credible on the deficit. paul ryan stood on the platform and he looked at the debt clock and he made no mention of the fact that he voted for every single one of the policies in the last decade that are at the root of the explosion of the debt, t
why did he vote against it in because it called for tax cuts, tax increases on upper income americans. >>chris: david, that is not why he voted against it. he voted against it because it did not do anything about entitlements. it is a fair point. point is, it was the president's commission, and he let it die on the vine. >>guest: the partook another position. he did not let it die on the vine. he has a plausible, credible, $4 trillion land and the congressional budget office said it...
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he also cut cap tap gains taxes -- capital gains taxes we don't talk about. it's a different environment. >> huge differences in the environment. number one, there was the peace in the end of the cold war, influx of hundreds of billions of dollars out of defense in the, in to social programs. and the private economy. that happens once in a lifetime. second, dot com bubble. but the most interesting part of it is that obama has been in office for four years. he's running on the clinton economy. i mean this is embarrassing. you know, you're the president. all you can say is the last democrat before i became president really knew how to run an economy. it's like eisenhower seeking re-election in '56. running on the coolidge economy. if there was an admission that obama doesn't have anything he can run on and they are somewhat running scared, when you have to go back, what is it a decade? say look how he did. ignore the four years i've been in office. pretend it's the clinton re-election campaign. >> bret: so, as we look at number four, president obama handling of
he also cut cap tap gains taxes -- capital gains taxes we don't talk about. it's a different environment. >> huge differences in the environment. number one, there was the peace in the end of the cold war, influx of hundreds of billions of dollars out of defense in the, in to social programs. and the private economy. that happens once in a lifetime. second, dot com bubble. but the most interesting part of it is that obama has been in office for four years. he's running on the clinton...
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there is one study that is a democrat study -- >> bret: tax policy center. >> tax policy center that uses assumptions that romney does not use to say somehow there is this arithmetic problem. there are half a dozen other studies done to show the opposite. my own office we did our own study in addition to that to look at the issues here. as you know i do work in tax reform. absolutely you can do this. this is exactly what the suchson-bowls commission, debt -- simpson-bowles commission, the debt reduction commission that the president should have supported. they said to lower the tax rate and broaden the base of taxation. it's done in 1986 by ronald agan and tip o'neil in bipartisan way. what the economists right, left or center may have to do. we may have different opinions how to do it. but they believe it will result in the economic growth. that's why romney doing that will create 7 million new jobs. pro-growth policy. >> bret: don't you think they are making some headway in saying well, what exactly are you going to take off the table? mortgage deduction? charitable deduction? >> i
there is one study that is a democrat study -- >> bret: tax policy center. >> tax policy center that uses assumptions that romney does not use to say somehow there is this arithmetic problem. there are half a dozen other studies done to show the opposite. my own office we did our own study in addition to that to look at the issues here. as you know i do work in tax reform. absolutely you can do this. this is exactly what the suchson-bowls commission, debt -- simpson-bowles...
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peopleville to pay in because the alternative minimum tax won't be patched. taxes will go up. spending cuts over time will happen as well. the stock market, i think the stock market will be hit hard. but again, here i am saying, let's do this. i have the most to lose of anyone i know. it's the only way to fix the economy. it's the best thing for the economy. >> okay. take us through what each side is wanting. >> here's what the deal is. president obama wants tax cuts to expire for everyone except those making $250,000 a year. john boehner's plan "b" was anyone making under $1 million a year. neither seemed to work. it looked like president obottomma was coming back with the same deal, $250. they are miles apart. they are miles apart. >> there is a big divide. andrea, you were able to speak with a number of people on the hill. what reaction are you getting? >> well, the president has spread these stories and people in his administration that he is going to come to the table with a deal. we have been hearing that all week long. that did not happen. swan dive, we're going off the
peopleville to pay in because the alternative minimum tax won't be patched. taxes will go up. spending cuts over time will happen as well. the stock market, i think the stock market will be hit hard. but again, here i am saying, let's do this. i have the most to lose of anyone i know. it's the only way to fix the economy. it's the best thing for the economy. >> okay. take us through what each side is wanting. >> here's what the deal is. president obama wants tax cuts to expire for...
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they keep the bush tax cuts. you would think republicans would be seb berating. >> juan's drinking the kool-aid, man. >> i agree that the republicans are no better in this -- >> oh! let me take your comment about drinking the kool-aid. you sold them on the kool-aid. >> what flavor is it, juan? grape? cherry. >> andrea, i have to disagree with you. he has been handed a house that went republican because they said, no raising taxes. >> eric -- >> he knew what he was getting into. >> he lost seats. he didn't have the votes to try to get some sort of deal passed. >> john boehner brought the house republicans. >> guess what's going to happen? he is going to get a worse deal -- a worse deal after the new year. that's the political reality. i work in the house for years. i know what this guy's a very shrewd operator -- >> who? >> yeah -- >> i want to ask -- we had this lecture after the gabrielle giffords shooting and colorado, we have to be responsible with the way we talk about guns. but steny heuer decides to equate
they keep the bush tax cuts. you would think republicans would be seb berating. >> juan's drinking the kool-aid, man. >> i agree that the republicans are no better in this -- >> oh! let me take your comment about drinking the kool-aid. you sold them on the kool-aid. >> what flavor is it, juan? grape? cherry. >> andrea, i have to disagree with you. he has been handed a house that went republican because they said, no raising taxes. >> eric -- >> he knew...
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governor romney's secretly recorded comments about the 47 percent of americans who do not pay income taxes. those comments will likely comment up tonight. for governor romney, the debate presents a chance to gain momentum by hitting the president where some consider him vulnerable, on jobs and the sluggish economy. the romney campaign has new ammunition from vice president biden and comments yesterday about the middle class. >> how can they justify raising taxes on the middle class which has been buried the last four years. >> an obama advisor defended the vice president saying it is the republican policies that hurt the middle class in the first place. the romney campaign targeting the comment in a brand new ad already. we will show you that in a minute. a new nbc and the "wall street journal," parent company of this network. shows the president ahead 49 percent to 46 percent which is in the margin of error. in the states, it is a different coverage. we have carl cameron with the romney camp and now ed henry on what wet tonight. >>reporter: the president is on the way to denver. think how
governor romney's secretly recorded comments about the 47 percent of americans who do not pay income taxes. those comments will likely comment up tonight. for governor romney, the debate presents a chance to gain momentum by hitting the president where some consider him vulnerable, on jobs and the sluggish economy. the romney campaign has new ammunition from vice president biden and comments yesterday about the middle class. >> how can they justify raising taxes on the middle class which...
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>> i right now raising taxes. i don't think president obama is proposing that. >> he is. >> is he proposing that the tax rates go up. that's a huge part of the fiscal cliff. >> on tiny sliver that he even he acknowledges. >> kill about 700,000 jobs according to young. >> deficit. >> small amount of money. >> bill clinton has said nice things about mitt romney and the style of bill clinton is not to key monday nice opposition. i hope that barack obama also is telling us no more demonization. no more attacks. i'm going to debate the issues the way mitt romney can call a good man, patriotic man, let's debate the issues. >> kirsten, do you think that demonization is over from the obama campaign. >> keep laughing. if i get kirsten to laugh then i know. this is a good segment. >> all right. lanny. continuing to tout economic recovery but the numbers tell quite a different story. we have a special report. later a brand new poll shows mitt romney in the lead over barack obama. we will break down those numbers when we come
>> i right now raising taxes. i don't think president obama is proposing that. >> he is. >> is he proposing that the tax rates go up. that's a huge part of the fiscal cliff. >> on tiny sliver that he even he acknowledges. >> kill about 700,000 jobs according to young. >> deficit. >> small amount of money. >> bill clinton has said nice things about mitt romney and the style of bill clinton is not to key monday nice opposition. i hope that barack...
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this tax cuts not going to be debated until december. the economy is on stall. what is the president doing now to try to get everyone back to get process gres? >> the president has called for immediate reaction and the hold of it is that republicans are refusing to pass the wealthyest for a dime. >> this is ohio. >> there is ohio casting votes for the president and next president of the united states, barack obama. >> thank you mr. chairman. and there is ohio cast 188 votes. for barack obama. >> ohio, that is saying you want to win and and there are organizers on the ground. >> and there is next question. >> listen, i think one decision that will matter a lot in the state of ohio fact that more pundits know and the president granted rescue loans to auto industry. one in eight jobs in ohio linked to the auto industry. a mill gin yin jobs on the line. the president took action. gm has been reborn. that will matter a lot. we've made invest manies to spur both at the manufacturing sector. there is 5,000 jobs have been created. there is to continue the growth, you ca
this tax cuts not going to be debated until december. the economy is on stall. what is the president doing now to try to get everyone back to get process gres? >> the president has called for immediate reaction and the hold of it is that republicans are refusing to pass the wealthyest for a dime. >> this is ohio. >> there is ohio casting votes for the president and next president of the united states, barack obama. >> thank you mr. chairman. and there is ohio cast 188...
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what happens if we continue to impose tax upon tax and immaterial pose this obamacare tax on them, what is going to happen for the people that work for these companies. they will no longer have a job. >> sean: i think the democrats blink because they know tax increases are not popular. this is part of that their strategy. president made this comment about small business. made a lot of headlines. it's really important because it reveals a lot about his belief system. >> if you are successful somebody along the line gave you some help. there was a great teacher somewhere in your life. somebody helped to create this unbelievable american system that we have that allows you to thrive. somebody invested in roads and bridges. if you have a business, you didn't build that. somebody else made that happen. >> sean: you didn't build that? who built that? who built that business, who invested? what is he talking about there? >> you know, my parents came to this country with ten dollars in their pocket. they worked hard to achieve the american dream. if i am here as the mayor of my city i am able t
what happens if we continue to impose tax upon tax and immaterial pose this obamacare tax on them, what is going to happen for the people that work for these companies. they will no longer have a job. >> sean: i think the democrats blink because they know tax increases are not popular. this is part of that their strategy. president made this comment about small business. made a lot of headlines. it's really important because it reveals a lot about his belief system. >> if you are...
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have a surplus, try a tax cut. deficit too high. try another. feel a cold coming on, take two tax cuts, roll back some regulations and call us in the morning. >> paul: that was the president's take thursday night on the g.o.p. agenda and what a romney-ryan administration might look like. so, what might a second obama term bring, dan, what did we learn about the second term agenda? >> nothing, nothing whatsoever. >> paul: really? did he say more of the same only a little less? >> more of the same, okay, let's -- in the economic realm, more of the same would be another 800 billion dollar stimulus because the keynesian stimulus is the only economic idea they have under these circumstances. >> paul: hire more teachers. >> hire more teachers, spend more money. that would be very difficult to get through congress and i think on the other side of what he will not talk about is the second term of what will be an unprecedented exercise of executive authority in power. 's going to use the agencies to get, finish his agenda. 's going to use the environment
have a surplus, try a tax cut. deficit too high. try another. feel a cold coming on, take two tax cuts, roll back some regulations and call us in the morning. >> paul: that was the president's take thursday night on the g.o.p. agenda and what a romney-ryan administration might look like. so, what might a second obama term bring, dan, what did we learn about the second term agenda? >> nothing, nothing whatsoever. >> paul: really? did he say more of the same only a little less?...
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about his tax return. haley barbour on down. >> greg: good point, but also it speaks to the media which tends to ignore these stories, which i think is what obama said. a bigger story. >> kimberly: they are not going to be there now. >> bob: a bigger story -- >> greg: two different sides, bob. of course you think the tax returns are a bigger deal. i happen to think obama's philosophy is a bigger deal. >> kimberly: now it's been exposed. he let the mask slip. now you hear it. he can try to walk it back and change it, clarify his comments but they're out there and they'll be used. >> bob: he has been exposed by picking out certain thing he is said over the course -- >> kimberly: his words. >> bob: a lot of other words he said. >> kimberly: his thoughts. >> bob: mitt romney is hiding something and that's why people ask him to come out. he better come out now. >> kimberly: hiding he's a mormon? give me a break. >> greg: obama is background. face it. he comes from a faculty lounge mentality where achievement is
about his tax return. haley barbour on down. >> greg: good point, but also it speaks to the media which tends to ignore these stories, which i think is what obama said. a bigger story. >> kimberly: they are not going to be there now. >> bob: a bigger story -- >> greg: two different sides, bob. of course you think the tax returns are a bigger deal. i happen to think obama's philosophy is a bigger deal. >> kimberly: now it's been exposed. he let the mask slip. now...
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have a surplus, try a tax cut. deficit too high. try another. feel a cold coming on, take two tax cuts, roll back some regulations and call us in the morning. >> paul: that was the president's take thursday night on the g.o.p. agenda and what a romney-ryan administration might look like. so, what might a second obama term bring, dan, what did we learn about the second term agenda? >> nothing, nothing whatsoever. >> paul: really? did he say more of the same only a little less? >> more of the same, okay, let's -- in the economic realm, more of the same would be another 800 billion dollar stimulus because the keynesian stimulus is the only economic idea they have under these circumstances. >> paul: hire more teachers. >> hire more teachers, spend more money. that would be very difficult to get through congress and i think on the other side of what he will not talk about is the second term of what will be an unprecedented exercise of executive authority in power. 's going to use the agencies to get, finish his agenda. 's going to use the environment
have a surplus, try a tax cut. deficit too high. try another. feel a cold coming on, take two tax cuts, roll back some regulations and call us in the morning. >> paul: that was the president's take thursday night on the g.o.p. agenda and what a romney-ryan administration might look like. so, what might a second obama term bring, dan, what did we learn about the second term agenda? >> nothing, nothing whatsoever. >> paul: really? did he say more of the same only a little less?...
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and, taxes won't help. taxes are a price. they are a price placed on work and on investment. the price on both, is set to go up in 2013. but, my honest guess is that markets have priced in an extension of the tax cuts, already. >> really? >> certainly, president romney is going to extend them, if he's elected. and, as i believe the economy will not improve under president obama, president obama is going to seek an extension of these, too. i think taxes miss the greater point which is the dollar is what is holding back recovery. >> rick, the president telegraphed if he's reelected there are some taxes he'll allow to rise including those on the top tier. >> i think what the president is really doing is setting up the lame duck i talked about earlier. look, we have an opportunity for' real negotiation and also, let's keep something in mind, what we're looking at now is not just about taxes, interesting report out yesterday, that shows that executive compensation is going through the roof. while workers' wages remain stagnant. we are a consumer economy. a consumer economy. >> dav
and, taxes won't help. taxes are a price. they are a price placed on work and on investment. the price on both, is set to go up in 2013. but, my honest guess is that markets have priced in an extension of the tax cuts, already. >> really? >> certainly, president romney is going to extend them, if he's elected. and, as i believe the economy will not improve under president obama, president obama is going to seek an extension of these, too. i think taxes miss the greater point which...
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. >> tax cuts when times are good. tax cuts when times are bad. tax cuts to help you lose a few extra pounds. tax cuts to improve your love life. >> one of the only new elements of the president's acceptance speech was setting a goal, but not a plan to create 1 million new manufacturing jobs. yet today we learned manufacturing, a key to the recovery so far, lost jobs for the first time in a year. raising questions about this claim from the vice president. >> because of the decisions he has made, and the incredible strength of the american people, america has turned the corner. >> democrats felt good coming out of their convention despite hiccups like the initial decision to leave "god" and "jerusalem" out of the party platform, before they were hastily put back in. on the positive side, they were well received speeches by the first lady, vice president and clinton who got a special shout out today. >> somebody e-mailed me after his speech and said you need to appoint him secretary of explaining stuff. that was pretty good. i like that. secretary o
. >> tax cuts when times are good. tax cuts when times are bad. tax cuts to help you lose a few extra pounds. tax cuts to improve your love life. >> one of the only new elements of the president's acceptance speech was setting a goal, but not a plan to create 1 million new manufacturing jobs. yet today we learned manufacturing, a key to the recovery so far, lost jobs for the first time in a year. raising questions about this claim from the vice president. >> because of the...
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the taxes. so an american can escape somewhat but not as effectively as the british. when margaret thatcher reduced the tax we saw an explosion of enterprise and of course a wave of tax revenue came rolling in. we were able to have a debt repayment schedule and the tax emigres came back from the tax havens that remain in the british empire like bahamas and elsewhere. >>neil: john, always a pleasure, if no for other reason than your british accent is better than stuart varney's accent. thank you very much. thank you, john. in the meantime, the man who brokers some pretty night deals for lawrence taylor, what about this one between president obama and speaker boehner? and like s. or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. >>neil: maybe we just got ahead of ourselves. progress is looking not so good on the budget talks with ed henry at the white house with the latest. i am confused. where are we? >>repor
the taxes. so an american can escape somewhat but not as effectively as the british. when margaret thatcher reduced the tax we saw an explosion of enterprise and of course a wave of tax revenue came rolling in. we were able to have a debt repayment schedule and the tax emigres came back from the tax havens that remain in the british empire like bahamas and elsewhere. >>neil: john, always a pleasure, if no for other reason than your british accent is better than stuart varney's accent....
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we had across the board tax cuts before so we're going to need across the board tax increases to run a balanced budget and the spending levels of the clinton administration, all the spending has grown faster than inflation as well and defense alone. 50 to 70% adjusting for inflation and so we have to go to those tax levels across the board and less government spending and everyone is going to have to get less than government and pay more. and hopefully we can do it over a long period and not cause an overnight collapse. >> scott, do you agree with that? >> brenda, i think jonas brought up something important, the balanced budget of the clinton years, it wasn't early, brenda, when he hiked taxes in 1993 on corporations and high income earners, the balanced budget actually came after the tax cuts of '97 when capital gains were hit and so was the high income earners, that's the deal. we have to get growth going. you saw the.com boom of the '90s, we've got to have lower tax policy to get people investing again. >> brenda: it's a very different time with the clinton years we were in the m
we had across the board tax cuts before so we're going to need across the board tax increases to run a balanced budget and the spending levels of the clinton administration, all the spending has grown faster than inflation as well and defense alone. 50 to 70% adjusting for inflation and so we have to go to those tax levels across the board and less government spending and everyone is going to have to get less than government and pay more. and hopefully we can do it over a long period and not...
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. >> these bush tax cuts will expire at year end. should those programs and those tax cuts be extended? >> what i think they should do is to find a way to keep the expansion going. >> bill: once again bill clinton goes against president obama saying the bush tax cuts are helpful to the american economy. dick morris with the inside story of why mr. clinton is contradicting the man for whom he is campaigning also tonight, dennis miller on the most hated people in america. >> i have been everywhere, man. ♪ i've been everywhere, man. >> and watch out, why have the best of watters world. >> what about rick santorum? are you a fan of him. >> see, that's how much you know about him. i don't even know who he is. >> caution, you where to enter the no spin zone. the factor begins right now. >> bill: hi, i'm bill o'reilly. thanks for watching us tonight. liberal orthodoxy take as big hit in wisconsin. that is the subject of this evening's talking points memo. governor scott walker keeping his job defeating the progressive forces by a wide mar
. >> these bush tax cuts will expire at year end. should those programs and those tax cuts be extended? >> what i think they should do is to find a way to keep the expansion going. >> bill: once again bill clinton goes against president obama saying the bush tax cuts are helpful to the american economy. dick morris with the inside story of why mr. clinton is contradicting the man for whom he is campaigning also tonight, dennis miller on the most hated people in america....
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tax cuttings, tax cuts. and got a few regulation and more tax cuts. and tax cuts when times are good and tax cuts when times are bad and tax cut to help you lose extra pound and tax cut to help your love life. >>> and you hear that. they are going after mitt romney on the issue of tax cuts. the president is trying to make the case there is a clear choice in the election on the economy and medicare which is big to senior citizens and he believe in the future . there is a major choice than what the other said wants o do. the they are talking about the president's record. the weak jobs report and that may be hard to back up columbine-- biden's claim that we turned the corner. >> keep us updated. karl, the governor is focusing on virge at this time. what can you tell us in >> (no audio) absolutely. virginia is very, very important. mr. romney spent the night in boston belmont, massachusetts where he has a home . last night in new hampshire for a big rally. several thousand people and come back team and turn around team . believe in america banners and slo
tax cuttings, tax cuts. and got a few regulation and more tax cuts. and tax cuts when times are good and tax cuts when times are bad and tax cut to help you lose extra pound and tax cut to help your love life. >>> and you hear that. they are going after mitt romney on the issue of tax cuts. the president is trying to make the case there is a clear choice in the election on the economy and medicare which is big to senior citizens and he believe in the future . there is a major choice...
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speaker barron saying his plan to avoid a massive january tax hike didn't have the votes to pass. former house speaker newt gingrich is here. i can't think of a better guest to have right now, speaker. did you -- did you watch everything unfold a couple of hours ago? >> i did. but with key take one second? i want to comment about tim scott. tim scott ran as a republican on a contract with his local county back in 1995. he was inspired by the contract with america. he was a very effective elected official. when he ran for congress, he beat both former senator strom thurman's son and former senator carol campbell's son. he is the real deal. he was supported by the tea party movement. he is a solid conservative and a very honorable person. i find it sad that people on the left are so threatened to have a conservative african-american member of the senate that they would say despicable things about him. i know him personally. he's going to be a great u.s. senator. he's a great pick and i am very proud of haleigh cummings -- of nikki haley for picking him. i wanted to get that out befo
speaker barron saying his plan to avoid a massive january tax hike didn't have the votes to pass. former house speaker newt gingrich is here. i can't think of a better guest to have right now, speaker. did you -- did you watch everything unfold a couple of hours ago? >> i did. but with key take one second? i want to comment about tim scott. tim scott ran as a republican on a contract with his local county back in 1995. he was inspired by the contract with america. he was a very effective...
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and the best way to do that is to cut corporate taxes, cut individual taxes across the board. that's how we get out of this. >> arthel: i hear your solution. let me ask you this, quickly, 'cause you don't want to be a debbie downer. if there is someone at home thinking how die survive it, what's a quick suggestion for them? >> well, it's a tough one. not knowing any of these people in particular, i can just say work really hard and look for those jobs, find a different way to look for the job. if you've been doing something that's not work, try something different. eventually something is going to happen. don't know when that will happen. but we're going to find a way out of this. but i can't specifically say to any one person what to do other than have a positive attitude and work hard to find a job. >> arthel: try to be creative. ed, i'll see you next time when you're in new york, right? >> i hope is. >> brian: take it easy. >> rick: when it comes to an election year, it's sometimes best for a politician to try to stay in the middle. but does that apply for the president whe
and the best way to do that is to cut corporate taxes, cut individual taxes across the board. that's how we get out of this. >> arthel: i hear your solution. let me ask you this, quickly, 'cause you don't want to be a debbie downer. if there is someone at home thinking how die survive it, what's a quick suggestion for them? >> well, it's a tough one. not knowing any of these people in particular, i can just say work really hard and look for those jobs, find a different way to look...
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which presumably will be after the election. >> does that mean extenning the tax cut? >> lithink what it means is theyville to extend... they will probably have to put everything off until early next year. that's probably the best thing to do right now. i don't have any problem with extending all of it now. >> sean: all right. no need to read between the lines here. the former president is abandoning the administration's talking points, but is he doing it intentionally to undermine the obama campaign. the author of the best seller, culture of corruption, michelle malkin and soon to be nationally syndicated talk show host, the herman cain, 9-9-9. >> happy to be here. >> sean: let me play one more clip and then i want to get your thoughts. i totally believe this is intentional. i don't think bill clinton ever got over the fact that he thought the obama campaign played the race card against him in the 2008 campaign. this is what he said, praising romney's stellar business career. here's what he said. >> there is no question that in terms of getting up and going to the off
which presumably will be after the election. >> does that mean extenning the tax cut? >> lithink what it means is theyville to extend... they will probably have to put everything off until early next year. that's probably the best thing to do right now. i don't have any problem with extending all of it now. >> sean: all right. no need to read between the lines here. the former president is abandoning the administration's talking points, but is he doing it intentionally to...
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i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular thing to say but it is not the case. i got five boys and i am used to people saying something that is not always true but keeping on repeating it and hoping i will believe it. that's not the case. i will not reduce taxes paid by high income americans. >> the fact is, if you low are the rates the way you describe, governor, it is not possible to come up with enough deductions and loop holes that only affect high income individuals to avoid raising the deficit or burdening the middle class. it is math. it is arithmetic. >> don't forget you put 90 bill
i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular...
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i can report we have reached an agreement on all of the tax, the tax, the tax issues. >>reporter: lawmakers are saying to avoid americans getting hammered by new taxes in the new year get this part done, and work out the other issues that are still on the table in the new year. the bottom line, republican senators are being briefed by the lead negotiator at this hour. >> thank you, mike emanuel. >> the late word is there will be no vote in the house of representatives because there is nothing to vote on. so we are tumbling over the fiscal cliff for now. the question after the interview, president obama sitting down with one sunday talk show host yesterday and that host is capping flak if not asking the tough questions on taxes and spending and follow-up >> politics is always messy. people have asked me about the film "lincoln" and --. >> is this your lincoln moment? >> no, i never compare myself to lincoln. and, obviously the magnitude of the issues are quite different from the civil war and slavery. >> how accountable are you for the fact that washington is not gettin
i can report we have reached an agreement on all of the tax, the tax, the tax issues. >>reporter: lawmakers are saying to avoid americans getting hammered by new taxes in the new year get this part done, and work out the other issues that are still on the table in the new year. the bottom line, republican senators are being briefed by the lead negotiator at this hour. >> thank you, mike emanuel. >> the late word is there will be no vote in the house of representatives because...
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or double the taxes. the issue is leaving funds in the hands of the job creators and obama is in fantasy land in that regard. >> bi-looring the taxes for -- by lowering the taxes for everybody it allows the money to go back into the economy and it stimulates growth across the line. >> i want to compare this to what barack obama said on tax policy.x you didn't feel as favorable to that. let's look at the dow scores for president obama on taxes. >> my philosophy on taxes has been simple, and that is i want to give middle class families and folks who are striving to get into the middle class some relief. they have been hit hard over the last decade. over the last 15, over the last 20 years. four years ago i stood on a stage like this one and i said i would cut ks tays for middle class -- cut taxes for middle classt families by $3600. i said i would cut tacks for small businesses who are the drivers and engines of growth and we cut them 18 times. >> you know, frank, i want to add to this because this is the f
or double the taxes. the issue is leaving funds in the hands of the job creators and obama is in fantasy land in that regard. >> bi-looring the taxes for -- by lowering the taxes for everybody it allows the money to go back into the economy and it stimulates growth across the line. >> i want to compare this to what barack obama said on tax policy.x you didn't feel as favorable to that. let's look at the dow scores for president obama on taxes. >> my philosophy on taxes has...
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same tax rate at you, who cares? if they made $5 million they are paying more than those who make $50,000. >> especially since if are you making $50,000 you are not really paying anything. >> on the whole two-thirds of million mares supposedly left when the top tax rate went to 50%, you said, quote, it is believed many rich brits moved abroad taking flight to avoid the impost bite. yes, or maybe two-thirds of them found a way to declare less taxable income. there is no evidence they moved anywhere. >> it is believed. i was crafty the way i said thatment it is believed by some. my sources tell me. >> exactly. cops tell women to take down uh pensive christmas lights. i'm sorry i blacked out. i think you said you agreed with the aclu. >> yes, they left it to her defense to put her lights back up. >> your reputation is toast. >> i am for christmas lights. in this one singular instance, the aclu is also for christmas lights. so they actually agree with me. >> all right. well, i think the aclu would have no problem with an
same tax rate at you, who cares? if they made $5 million they are paying more than those who make $50,000. >> especially since if are you making $50,000 you are not really paying anything. >> on the whole two-thirds of million mares supposedly left when the top tax rate went to 50%, you said, quote, it is believed many rich brits moved abroad taking flight to avoid the impost bite. yes, or maybe two-thirds of them found a way to declare less taxable income. there is no evidence they...
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plan to extend the bush-era tax cuts for everybody who pace taxes. what does it mean for you, your families, your employers? if the democrats remain hell bent on raising taxes on people who actually stimulate the economy and an agreement is not made before january 1, well, taxes will be up on each and every american. while it approaches back home, governor mitt romney was at tent downing street in london with british prime minister david cameron. tomorrow, he will be on hand at the opening ceremonies of the olympics. then he will attend a place president obamaound the time to visit while in office. that's israel. with a preview into the trip and insight into the tax debate, raging in washington. congressman eric cantor. >> sean, good to be with you. >> sean: explain what happened. there is a plan in the house. there is a plan in the senate. in the house, you voted tax cuts for everybody. president at one time said don't raise taxes during a slow economy. what happened in the senate? >> well, today, sean, i think for the whole world to see, we saw har
plan to extend the bush-era tax cuts for everybody who pace taxes. what does it mean for you, your families, your employers? if the democrats remain hell bent on raising taxes on people who actually stimulate the economy and an agreement is not made before january 1, well, taxes will be up on each and every american. while it approaches back home, governor mitt romney was at tent downing street in london with british prime minister david cameron. tomorrow, he will be on hand at the opening...
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taxes. they would pay more in taxes. now, where did the president get that? i don't think that is part of romney's plan? >>guest: they made it up based on a study done by the tax policy center which is a liberal think tank in washington. one of the authors was a former obama staffer. that study says that middle-class people would pay a hire tax under the romney plan than they do now. the problem with that analysis, in fact, mitt romney's plan cuts the tax rates by 20 percent for everyone. for every income class. they made always sorts of weird assumptions in the study. here is the thing that is interesting when we did analysis in the editorial today, do you know, today the top 20 percent of people in the top 20 percent of income, they pay now over 90 percent of the income tax so this idea that the rich don't pay their fair share is craziness. they are paying almost all of federal income tax. >>stuart: the other end, i believe it is the reverse, the bottom 20 percent do not pay tax, in fact,
taxes. they would pay more in taxes. now, where did the president get that? i don't think that is part of romney's plan? >>guest: they made it up based on a study done by the tax policy center which is a liberal think tank in washington. one of the authors was a former obama staffer. that study says that middle-class people would pay a hire tax under the romney plan than they do now. the problem with that analysis, in fact, mitt romney's plan cuts the tax rates by 20 percent for everyone....
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and the president can push the tax the tax rates on the rich but the republicans are creeding more tax grounds on potentially adding to that with limited deductions on the wealthy, or, say, they focus only on deductions there is a scenario where they limit the deductions and write offs and the rich pay more in taxes than they would if they just raised the rates behalf, to where they were during the time of bill clinton? >> and that is why everything is just talk. just talk. >>neil: you think they will have an incredible deal by the end of the year? >>guest: i have told you before, i'm slightly optimistic. you cannot be more than that when it comes to negotiations. >>neil: since the ice cream bet you hedging because i think you know you got lucky and now you hedge a lot. you sound like a tv anchor. >>guest: i don't want do lose a bet but cut while i'm ahead and i am not irrationale. i don't think either the president or congress wants to become unpopular and congress now is at 18 percent again, do they want to go to system digits? i don't think so. >>neil: grover norquist was here and h
and the president can push the tax the tax rates on the rich but the republicans are creeding more tax grounds on potentially adding to that with limited deductions on the wealthy, or, say, they focus only on deductions there is a scenario where they limit the deductions and write offs and the rich pay more in taxes than they would if they just raised the rates behalf, to where they were during the time of bill clinton? >> and that is why everything is just talk. just talk. >>neil:...
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Oct 14, 2012
10/12
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no new taxes. >> the difference between a hockey mom and a pit bull, lipstick. >> other ones, you got to depend on your candidate seizing a moment you didn't expect to happen. >> there you go again. >> most moments so far this election have been poorly phrased comments. >> if you've got a business, you didn't build that. somebody else made that happen. >> i like being able to fire people that provide services to me. >> they'll put y'all back in chains. >> the media call those gaffes, but often the media don't know. when ed musky lost the '072 primary because he looked like he teared up defending his wife, everyone said candidates can't career, because that's week, but then in 2008 hillary clinton cried. >> you know, i have so many opportunities from this country. >> she began to tear up. >> don't want to fall backwards. >> she showed being human. >> you know, this is very personal for me. >> pundits pounced. >> people perceive that as weakness. >> yeah, i think they will and they should. >> makes her look like her campaign is in trouble. >> the day before showed clinton 10 points behi
no new taxes. >> the difference between a hockey mom and a pit bull, lipstick. >> other ones, you got to depend on your candidate seizing a moment you didn't expect to happen. >> there you go again. >> most moments so far this election have been poorly phrased comments. >> if you've got a business, you didn't build that. somebody else made that happen. >> i like being able to fire people that provide services to me. >> they'll put y'all back in chains....
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Sep 8, 2012
09/12
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and he calls for a new tax d territory tax. they it is 80,000 new jobs all of them over seas. it is not the message that the president wanted to hear. the u.s. has the highest corporate tax. and governor romney would reduce it. and there would be federal lands . they have reduced perments by 39 percent since 2008. this is one of the reasons he hasn't met with the council but it is embarrassing to say i have a job's council but i ignore their advice. the same thing the simpson-bowles commission another idea that the president did not embrace. >> you can expect to pay more for the food you buy very soon. food institute reporting that food inflation will cause the average family of four to pay $351 dollars more next year mostly because of the severe drought gripping the nation. beef prices will be hard hit. costs will go up $44 and costs for dining out expected to rise three and half percent for americans next year. it is our top as we go around the world in 80 seconds. >> vietnam 50 people dead and four others are missing. they are trying to illegally gather tin ore from the lan
and he calls for a new tax d territory tax. they it is 80,000 new jobs all of them over seas. it is not the message that the president wanted to hear. the u.s. has the highest corporate tax. and governor romney would reduce it. and there would be federal lands . they have reduced perments by 39 percent since 2008. this is one of the reasons he hasn't met with the council but it is embarrassing to say i have a job's council but i ignore their advice. the same thing the simpson-bowles commission...
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Dec 23, 2012
12/12
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i mean, they've allowed this to be a debate about tax rates, but the real problem, i think, for most republicans and people who voted for them is that they see how the cost s rate that is just unsustainable. i mean, the country cannot survive the kinds of increases in entitlement payoffs that will occur if there's not reform. >> paul: there's at least in my reporting, the president has offered only one substantive entitlement reform and that's a change how we calculate inflation for benefits and tax brackets and that was agreed to last year. it's really minor in the scheme of things, nothing else sustainable. >> i think that the president is overplaying his hand, paul. he's going to need republican vote next year to raise the debt ceiling and needs the republicans votes for second term items, immigration reform and humiliating them now is not going to-- >> he could in a sense, the fiscal cliff is in a sense artificial, if he has the power to raise taxes next year for six months and then get down to serious negotiations after the congress-- >> and should republicans be willing to rais
i mean, they've allowed this to be a debate about tax rates, but the real problem, i think, for most republicans and people who voted for them is that they see how the cost s rate that is just unsustainable. i mean, the country cannot survive the kinds of increases in entitlement payoffs that will occur if there's not reform. >> paul: there's at least in my reporting, the president has offered only one substantive entitlement reform and that's a change how we calculate inflation for...
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Dec 2, 2012
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>> well, don't tax you, don't tax me, tax the guy behind the tree. >> paul: russell long, former late senator. >> exactly. and what you see here are very wealthy people who can, you know, engineer ways to avoid taxes, meanwhile, what he's-- the medicine he's suggesting for people who are starting to do better, people who say, make $200,000, maybe working their whole life. they're the ones who are going to get hit with the obama taxes and really, i mean, you look at that and you think a normal human being with, you know, would be ashamed of that lack of intellectual honesty, should be. >> it's fascinating economic dri that costco is borrowing the money to pay this dividend. now, usually when companies pay dividends, it's out of earnings, right? >> yes, retained earnings, in this case, they're borrowing, taking on more debt, not to invest in the business in the future growth, but for a one-time equity pay out. >> and to worry about interest rates are low thanks to ben bernanke. >>, but this shows the tax rates combined with very low bore heing costs and instead of investing in growth, y
>> well, don't tax you, don't tax me, tax the guy behind the tree. >> paul: russell long, former late senator. >> exactly. and what you see here are very wealthy people who can, you know, engineer ways to avoid taxes, meanwhile, what he's-- the medicine he's suggesting for people who are starting to do better, people who say, make $200,000, maybe working their whole life. they're the ones who are going to get hit with the obama taxes and really, i mean, you look at that and...
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Dec 19, 2012
12/12
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tax rates on income above $1 million. despite claims by gop leaders it's not even clear he can get most conference to support any tax hike. >> what we saw earlier was an act of desperation. did i want look like to me a person to vote. >> the president hesitated when asked if he trusts boehner to sell a final deal to conservatives. >> sometimes, they may not see incentive in cooperating with me, because in part they are more concerned about challenges from the tea party candidate. >> as if on cue, two hours later, group of conservatives excoriated boehner and warning for republicans who support the plan. >> my answer is challenging, putting primary channels is yes. if the republicans support the tax increase, they will lose control of the house. in 2014 election. >> bret bozell charged he is missing the point, that the problem is spending. >> everything is a step backward for the republican party. piecemeal surrender. >> at a meeting at the white house this afternoon, business leaders and geithner and other top white house
tax rates on income above $1 million. despite claims by gop leaders it's not even clear he can get most conference to support any tax hike. >> what we saw earlier was an act of desperation. did i want look like to me a person to vote. >> the president hesitated when asked if he trusts boehner to sell a final deal to conservatives. >> sometimes, they may not see incentive in cooperating with me, because in part they are more concerned about challenges from the tea party...
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Dec 27, 2012
12/12
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let the bush tax cuts expire. make sure the middle class doesn't have to pavement the schif a manufactured media drama. >> laura: wow, can you say out of touch? joining us now from new york is maxwell a democratic strategist and guy benson the political editor for "town hall.com." okay. this is quite something. we have been hearing from the obama white house, the congressional budgetffice and any number of conservative economistst that this is serious. that we have got to get this thing done that we have got to get it in order. or at some point america's full faith and credit is going to go away. we are not going to look so good to the rest of the world as far as credit risk. so let's talk to you about this. is this a manufactured media crisis or does something substantial need to be done here? >> well, i certainly think that the fiscal cliff, that language is a manufactured media narrative. that americans believe on january 1 we are going to be standing in line for bread. that's not going to happen this is all be
let the bush tax cuts expire. make sure the middle class doesn't have to pavement the schif a manufactured media drama. >> laura: wow, can you say out of touch? joining us now from new york is maxwell a democratic strategist and guy benson the political editor for "town hall.com." okay. this is quite something. we have been hearing from the obama white house, the congressional budgetffice and any number of conservative economistst that this is serious. that we have got to get...
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Sep 6, 2012
09/12
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and he raised taxes on the middle class with the gas tax? >> bob: no, he didn't. >> andrea: he cannot have it both ways. barack obama raised -- >> greg: he has. >> andrea: that is the problem. he talked about romney not reining in spending with wall street. and a war on women and they rolled out bill clinton, somebody with civil charges brought against him and was eventually disbarred. really, i know he is an excellent speaker, bob. maybe so good he will overshadow the president. >> eric: can i ask you a question in this form. we're watching a guy who was impeached, who went up and who was accused of having sex with an intern. underage intern. accused of doing nasty things, yet the media has absolute love of watching him speak. >> greg: yeah, they carry his water. they are his own personal alhambra truck. what is not like to about him? he is actually entertaining. the problem with him, his speeches are so long, and you have to check everything fact, it's like fumigating a house. it takes days to get through his words. but there are a bigger
and he raised taxes on the middle class with the gas tax? >> bob: no, he didn't. >> andrea: he cannot have it both ways. barack obama raised -- >> greg: he has. >> andrea: that is the problem. he talked about romney not reining in spending with wall street. and a war on women and they rolled out bill clinton, somebody with civil charges brought against him and was eventually disbarred. really, i know he is an excellent speaker, bob. maybe so good he will overshadow the...
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Dec 13, 2012
12/12
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if income taxes go up, do you think president obama will use the tax dollars primarily to decrease the deficit or will the money be used to fund more government spending? decrease the deficit, 36%. fund more spending, 53%. i mean -- then why did you vote for the guy? i don't understand. you know, i understand the tactics of the campaign. certainly understand mitt romney didn't close well. but on every issue the american public seems to be lined up against president obama, by a big margin. >> well, yeah. remember, this is only the sixth time in american history that we had a smaller number of people vote in the presidential election than voted in the previous election. and two of the previous five times were in times of war. 1864, fewer people voted than in 1860 'cause half the union left. 1944, fewer people voted than in 1940 because we had four, 5 million americans spread over the ground fighting world war ii. this is an odd election. but look, the president did win. he won because of a very smart campaign. the more we hear about it, the more we see the -- did she they knew they could
if income taxes go up, do you think president obama will use the tax dollars primarily to decrease the deficit or will the money be used to fund more government spending? decrease the deficit, 36%. fund more spending, 53%. i mean -- then why did you vote for the guy? i don't understand. you know, i understand the tactics of the campaign. certainly understand mitt romney didn't close well. but on every issue the american public seems to be lined up against president obama, by a big margin....
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Sep 24, 2012
09/12
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you talk about tax rates and paying capital gains and tax on dividends it is money that is being taxed again. you pay for it again. again, it falls on deaf ears, that the governor is paying this money all over again. it does feed the narrative that he is just a rich, selfish mogul. releasing a return or two or three or four or even 10 years, would it change that narrative? >>guest: well, it hasn't yet. he released a notarized summary of two decades' worth of his taxes that was put together by the analysts at a very well respected firm, price water house, and they said on average, the romneys paid 20 percent effective rate and they owed and paid taxes every year blowing up the lie, the rumor, that harry reid's imaginary friend told him. remember, he repeated that on the senate floor a few months ago? this blows up a bunch of obama ads that said mitt romney pays lower tax rates than you do. the tax rate he has been paying is almost double that. >> but i am understand so much indo what he is paying but we as a country are paying in taxes and what we get for our money but that debate is fo
you talk about tax rates and paying capital gains and tax on dividends it is money that is being taxed again. you pay for it again. again, it falls on deaf ears, that the governor is paying this money all over again. it does feed the narrative that he is just a rich, selfish mogul. releasing a return or two or three or four or even 10 years, would it change that narrative? >>guest: well, it hasn't yet. he released a notarized summary of two decades' worth of his taxes that was put...
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Mar 31, 2012
03/12
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today and house republicans want to cut taxes for-- >> and first, this president cut taxes for small businesses more than any president prior to him besides clinton. aside from the views about birth control. rick santorum has said. >> jamie: you know. >> and he believes it's a license to do all sorts of perverted things, i don't know about that. >> jamie: that's not the issue i want to talk about. it's strategically what would you tell the president about the issue, the question has been raised by the comment of his, it may have happened before, president clinton, certain things he didn't want to focus on. immigration is probably haute button issue, would you maybe advise the president to stay away? what do you think specifically he's he not talking about because of what he said in that? >> you know what? i think that's overblown. when it comes to foreign policy we've got to remember that politics stops the water's edge and president reagan did the same thing and talking about the evil empire and detant with the soviet union. we're going to talk about one way-- but as realists-- >> c
today and house republicans want to cut taxes for-- >> and first, this president cut taxes for small businesses more than any president prior to him besides clinton. aside from the views about birth control. rick santorum has said. >> jamie: you know. >> and he believes it's a license to do all sorts of perverted things, i don't know about that. >> jamie: that's not the issue i want to talk about. it's strategically what would you tell the president about the issue, the...
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Aug 11, 2012
08/12
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he will do anything to protect tax cuts to the wealthy k. we expect a negative campaign going forward. >> it should focus on the policy differences. there is plenty to disagree on and those differences are very stark and that is why the vice-president pick helps to sharpen the issues. no need to get into personal attacks. look at the impact of the budget. and it is standing there for everybody to look at. it provides tax breaks to the tt deeply into other investments including education, it does put the risk of rising health care costs on seniors and medicare. no question it does those. and eliminates the benefits provided in medicare in terms of closing the prescription doughnut hole. it is a healthy sharp debate on the issues and i hope the country will take advantage television. i believe in the end of the day, when people focus on the differences, they will not return to a souped up version of bush trickle down economics. we have been there and tried it and it failed. >> certainly nothing wrong with a healthy and sharp debate. congressma
he will do anything to protect tax cuts to the wealthy k. we expect a negative campaign going forward. >> it should focus on the policy differences. there is plenty to disagree on and those differences are very stark and that is why the vice-president pick helps to sharpen the issues. no need to get into personal attacks. look at the impact of the budget. and it is standing there for everybody to look at. it provides tax breaks to the tt deeply into other investments including education,...
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Jun 9, 2012
06/12
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and disagreed with the bush tax cuts. i think what happened is that he was looking at the issue of the timing of increasing taxes at a particular moment in time meaning now. and that's where, i think, he probably regrets interjecting what looks like a difference between -- >> laura: is there a smarter democrat out there than bill clinton? >> i don't think so. >> laura: do you think that he says something about tax cuts and timing, do you think he means it? >> there's no doubt that he means it. he did say in what wasn't a reversal but explanation that he thought it needed to be done before the election. on policy, when you look at what bill clinton and i and a lot of other people including cory booker who apparently has been denounced again by people out of the chicago headquarters. >> mayor who said it was nauseating the attacks on private equity. >> we all agree with president obama's proposals -- policies. we're disagreeing with the tactic of attacking bain rather than telling people what your ideas are that are better
and disagreed with the bush tax cuts. i think what happened is that he was looking at the issue of the timing of increasing taxes at a particular moment in time meaning now. and that's where, i think, he probably regrets interjecting what looks like a difference between -- >> laura: is there a smarter democrat out there than bill clinton? >> i don't think so. >> laura: do you think that he says something about tax cuts and timing, do you think he means it? >> there's no...
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Oct 13, 2012
10/12
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a tax plan, a real budget that was taxed. everything they were explaining or trying to nail him on, they didn't have any answers themselves. what are their plans to reform entitlement? >> bob: they have no tax plan. don't you understand that? >> dana: something else that happened last night, last night, joe biden didn't even try to defend the last four years and he certainly didn't give anybody a reason to vote for them for the next four years. not a single specific proposal why you should want us for another four years. it was basically, the strategy was make my opponent look small, ridicule him and call him a liar before he gets started. that was the strategy. >> bob: interesting focus group last night in ohio of undecided voters of which joe biden overwhelmingly won. >> brian: all the other polls, paul ryan won. >> what is everybody talking about? even if your argument is right he made points on substance, everybody talking about the style. >> bob: who is everybody? >> andrea: bob, every network today is talking about the
a tax plan, a real budget that was taxed. everything they were explaining or trying to nail him on, they didn't have any answers themselves. what are their plans to reform entitlement? >> bob: they have no tax plan. don't you understand that? >> dana: something else that happened last night, last night, joe biden didn't even try to defend the last four years and he certainly didn't give anybody a reason to vote for them for the next four years. not a single specific proposal why you...
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Aug 11, 2012
08/12
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it appears and this is where romney's wealth not releasing his taxes comes in. we are going to still have that debate the ugly fight. this isn't going to remove that. >> charles, paul ryan's answer to that is that the house weighs
it appears and this is where romney's wealth not releasing his taxes comes in. we are going to still have that debate the ugly fight. this isn't going to remove that. >> charles, paul ryan's answer to that is that the house weighs